Problem
Digital assets called jettons can be created on the TON blockchain. Most jettons' founders are interested in decreasing the circulating supply of their token to reduce selling pressure.
Solution
One way to solve this problem is to create jetton staking. JVault allows any user to create a smart contract for staking in just a few clicks, and also provides an interface for further interaction with this smart contract.
How does it work?
When creating a pool, the user selects the APR type (fixed or floating), sets the corresponding parameters, and specifies the number of tokens from which the yield in the pool will be formed. Depending on the amount of rewards, the commission of our platform is calculated. It is paid when the pool is created, as well as each time new rewards are added.
Any user can use the created staking pool either through JVault.app or by interacting directly with the smart contract. When staking, the user sends tokens to the smart contract address and receives an NFT in return, confirming their ownership of the staked tokens. Until the end of the token lock period, the user is constantly accrued rewards, which can be withdrawn at any time. After the staking period ends, the user is able to burn the NFT to get back their tokens and available rewards.
The NFT can be transferred to anyone, which will mean the transfer of ownership of the staked coins, as well as all rewards that have not yet been claimed by the previous NFT owner, so staking is liquid. Also, in some pools it is possible to unlock the position early, but in this case a fixed commission in TON must be paid, as well as 3% of the position, together with all rewards collected from this position.
Tokenomics
JVT token is one of the most important parts of the JVault platform. All JVT holders are able to stake it in a special staking pool, which allows not only receiving a standard percentage yield on the position, but also sharing the platform's revenue in tokens placed on JVault. In addition, JVT have replaced TON as the currency for paying fixed fees (all JVT received in this way are automatically burned).
Private sale
1,000,000 tokens allocated to private round. 430 000 of them were burned, while remaining 570 000 were sold. These tokens will start entering the market 6 months after TGE at 47,500 JVT per month. They will be fully unlocked 18 months after TGE. Private round price - 0.026 TON.
IDO
500,000 tokens were sold in the public round which lasted less than 20 minutes. The average price of the token in the public round was $0.09. All tokens were unlocked immediately after the TGE.
Marketing
2,000,000 tokens that will be used for marketing purposes (as rewards for early platform users and participants in various promotions, and to a much lesser extent, to pay for advertising). 400,000 JVT will be unlocked at TGE, all the remaining 1,600,000 JVT will be unlocked in equal monthly installments over 5 years.
Staking
2,500,000 tokens allocated to provide guaranteed returns in the JVT staking pool. 250,000 tokens will be unlocked at TGE and distributed among stakers over two years. Stakers' returns will be determined by the current amount of staked JVT: the less there is, the higher the percentage return for each staker.
Every two years, 250,000 * 0.8n JVT will be unlocked, where n is the unlock order number. Thus, staking returns will constantly decrease, but tokens allocated for staking will never run out.
Team
2,000,000 tokens allocated to the project team (including employee salaries and tokens for project founders). These tokens will start entering the market 12 months after TGE at 41,666 JVT per month. They will be fully unlocked 5 years after TGE.
Liquidity
2,000,000 tokens allocated to maintain liquidity on DEX and, in the future, CEX. 800,000 JVT will be unlocked at TGE, all the remaining 1,200,000 JVT will be released in equal monthly installments over 5 years.
Our commissions
| Rewards in TON | Rewards commission |
| 0 - 200 | 10,0% |
| 200 - 1 000 | 5,00% |
| 1 000 - 2 000 | 3,00% |
| 2 000 - 5 000 | 2,50% |
| 5 000 -10 000 | 2,00% |
| 10 000 - 25 000 | 1,00% |
| > 25 000 | 0,50% |
JVault charges a commission in the form of a percentage of rewards from staking pools, calculated on a regressive scale introduced above.
50% of the commission is automatically distributed among JVT holders in accordance with the size of their position in JVT staking. Another 40% of the commission is converted into JVT and burned,
while the remaining 10% is distributed among the JVault team. Thus, at least 90% of the commission is directed towards increasing the value of JVT.
Also, the creation of a pool incurs a fixed fee of 100 JVT, which are immediately burned.
The commission distribution system operates fully autonomously through smart contracts.
Roadmap
